207 40th Street 2, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 2 bath
ACTIVE$2,650,000
207 40th Street 2, Newport Beach, California 92663
3Beds
2Baths
1,275Sqft
2,431Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Coastal Location: Strategically located just 11 houses from the sand and 4 houses from the bay, placing it in one of Newport Beach’s most consistently desirable zones of the Newport Peninsula, offering unparalleled beach lifestyle access.
Top Cons:
Condominium Limitations: As a condominium, the property inherently involves shared walls, potential HOA fees (not specified), and typically offers less private outdoor space compared to a single-family home.
Compared to the nearby listings
Price:$2.65M vs avg $1.56M (+$1,087,500)86%
Size:1,275 sqft vs avg 1,315 sqft38%
Price/sqft:$2.1K vs avg $90098%
More Insights
Built in 1983 (42 years old).
Condition: Despite being built in 1983, the listing explicitly states the property was 'totally remodeled' and 'professionally furnished.' The images confirm this, showcasing a modern, coastal urban-chic aesthetic throughout. The kitchen features new white shaker cabinets, white countertops, subway tile backsplash, and stainless steel appliances (range, microwave, refrigerator). Bathrooms are equally updated with new vanities, modern fixtures, and glass-enclosed showers. Light wood-look flooring is consistent and appears brand new, with no visible carpets. All light fixtures are contemporary, and the overall condition suggests a very recent, high-quality renovation, meeting current standards with no deferred maintenance.
Year Built
1983
Close
-
List price
$2.65M
Original List price
$2.65M
Price/Sqft
$2,078
HOA
-
Days on market
-
Sold On
-
MLS number
NP25201168
Home ConditionExcellent
Features
Good View: Neighborhood
ViewNeighborhood
About this home
Soaring ceilings, light, bright, and open 207 40th Street, Unit B upstairs! A rare blend of quality, value and space. One of two available units, sold separately or together, each with a coveted active short-term lodging permit fully transferable to the new owner. The 3-bedroom, 2-bath layout is designed for the beach lifestyle, with dramatic vaulted ceilings throughout, including a spacious primary suite with private patio. Totally remodeled and professionally furnished, this property is ready to enjoy from day one—whether as a getaway, family beach pad, or high income-generating rental. The interior is styled in a coastal urban-chic aesthetic with light wood accents and beach-inspired tones and air conditioning. Everything you need is already here from the furnishings to the beach gear making this an easy, turn-key operation. Located just 11 houses from the sand and 4 houses from the bay in one of Newport Beach’s most consistently desirable zones of the Newport Peninsula. (see the upstairs unit also for sale @ 207 40th St)
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•1.2mi
9/10
Newport Elementary School
Public,•PK-6•1.3mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.2mi
7/10
Newport Harbor High School
Public,•9-12•1.4mi
Condition Rating
Excellent
Despite being built in 1983, the listing explicitly states the property was 'totally remodeled' and 'professionally furnished.' The images confirm this, showcasing a modern, coastal urban-chic aesthetic throughout. The kitchen features new white shaker cabinets, white countertops, subway tile backsplash, and stainless steel appliances (range, microwave, refrigerator). Bathrooms are equally updated with new vanities, modern fixtures, and glass-enclosed showers. Light wood-look flooring is consistent and appears brand new, with no visible carpets. All light fixtures are contemporary, and the overall condition suggests a very recent, high-quality renovation, meeting current standards with no deferred maintenance.
Pros & Cons
Pros
Prime Coastal Location: Strategically located just 11 houses from the sand and 4 houses from the bay, placing it in one of Newport Beach’s most consistently desirable zones of the Newport Peninsula, offering unparalleled beach lifestyle access.
High Income Potential: Includes a coveted active short-term lodging permit that is fully transferable to the new owner, providing a significant opportunity for high income generation as a rental property.
Turn-Key & Fully Remodeled: The property is totally remodeled, professionally furnished, and includes beach gear, making it an easy, turn-key operation ready for immediate enjoyment or rental without additional investment.
Modern & Appealing Design: Features soaring and dramatic vaulted ceilings, a light, bright, and open layout, and a coastal urban-chic aesthetic with light wood accents and beach-inspired tones, enhanced by air conditioning for comfort.
Flexible Purchase Option: Available as one of two units, sold separately or together, offering unique flexibility for buyers looking for an individual residence or a larger investment opportunity.
Cons
Condominium Limitations: As a condominium, the property inherently involves shared walls, potential HOA fees (not specified), and typically offers less private outdoor space compared to a single-family home.
Absence of Direct Ocean Views: Despite its close proximity to the beach, the property's view is listed as 'Neighborhood,' indicating it does not offer direct ocean vistas, which some buyers in this prime location might expect.
Unspecified Parking: The property description does not explicitly mention dedicated parking facilities (e.g., garage, assigned spaces), which can be a significant practical concern and challenge in a highly desirable and often congested beach area like the Newport Peninsula.